Mapping investments in innovation in agricultural production
To pursue the ambition for improved investment in innovation, CoSAI took the approach of first understanding the current innovation investment landscape to provide a baseline of investments. The Innovation Investment Study analyses agricultural innovation investments to establish an understanding of how much is being invested, who is investing, and where the investments are going.
At the same time, a second study, the Investment Gap Report, modeled the gap that needs to be filled if we are to meet some of the globe’s key goals, such as ending hunger, reducing emissions from agriculture, and more sustainably managing the earth's water resources.The study determined how much funding is required for innovation investments in agriculture to support the achievement of SDG2 (zero hunger) and advance agriculture’s contribution to the Paris climate goals, while reducing impacts on nature and accelerating income growth and economic development in the Global South.
Going forward, CoSAI is developing evidence to understand how we can fill the gap and reorient investments to include sustainable agricultural intensification (SAI) objectives. CoSAI research is helping to answer this question by evaluating how well different innovation investment approaches and instruments support SAI objectives, looking at case studies that have achieved SAI innovation success at scale, and reviewing innovation in financial mechanisms to support an inclusive sustainability transition in agriculture.
Strengthening this understanding of how we can do innovation better, CoSAI is developing a clear set of principles and metrics for planning, guiding, and monitoring innovation investments against Sustainable Agricultural Systems objectives. As a package the principles and metrics aim to encourage and support a higher level of investments in innovation with environmental and social goals.